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Karl Mertz A/S

Public limited companyCVR 10810876SakskøbingActive

Karl Mertz A/S is a public limited company, based in Sakskøbing, active in wholesale of agricultural machinery, equipment and supplies, founded in 1987. The company went from a profit in 2024 to a loss of DKK 7.2m in 2025. With 57 employees, the company is about 6 times larger than the industry median. Gross profit is higher than that of 90% of the companies in the industry in the database.

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Key figures · financial year 2025

Gross profitDKK 40.2m−24% vs. 2024
Net profit−DKK 7.2m−908.9% vs. 2024
EquityDKK 42.6m−14.4% vs. 2024
Employees57latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 24% (2024 → 2025), to DKK 40.2m.
  • Net profit went from a profit of DKK 885k to a loss of DKK 7.2m (2024 → 2025).
  • Equity fell 14% (2024 → 2025), to DKK 42.6m.

Employees

  • 13 fewer employees than a year earlier: 57 (08/2026) against 70 (08/2025).

Management and owners, last 24 months

  • New in management: Jesper Ulrik Mertz (director, 25/11/2025).
  • Stepped down: Rene Jensen (director, 25/11/2025).

Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.

Financial statements

Financial years 2020–2025 · amounts in DKK thousand

Equity and net profit

−DKK 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50m202020212022202320242025
EquityNet profit
Financial figures for Karl Mertz A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit46,82044,55251,91255,64152,94040,234−24%
Operating profit (EBIT)7,2175,2569,82110,9384,721−5,826−223.4%
Profit before tax5,8934,4769,1668,3221,022−9,136−994.2%
Net profit4,5703,4937,1516,483885−7,162−908.9%
Total assets125,986111,909129,547172,359156,052143,477−8.1%
Equity36,77040,26345,41548,89849,78342,622−14.4%
Liabilities88,94971,44783,292123,251105,505100,855−4.4%
Cash and cash equivalents468529403450+48.2%
Average number of employees746868707151−28.2%

Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2020, 2021, 2022, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures.

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60m202020212022202320242025
Gross profitMedian, the industry (230 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Fewer employees

    The number of employees fell 28% from 71 in 2024 to 51 in 2025.

    How is this calculated?

    The number of employees according to the annual report has fallen by at least 25%, and was at least 10 the year before.

The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.

Annual reports

6 financial years
Annual reports for Karl Mertz A/S
Financial yearPeriodPublishedFigures forDocuments
202501/12/2024 – 30/11/202515/04/2026The companyPDF not statedXBRL
202401/12/2023 – 30/11/202424/04/2025The companyPDFXBRL
202301/12/2022 – 30/11/202323/04/2024The companyPDFXBRL
202201/12/2021 – 30/11/202203/04/2023The companyPDFXBRL
202101/12/2020 – 30/11/202129/04/2022The companyPDFXBRL
202001/12/2019 – 30/11/202007/04/2021The companyPDFXBRL

The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.

Employees

monthly figures from CVR
0102030405060708009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

230 companies in the database

Comparison with the other companies in wholesale of agricultural machinery, equipment and supplies based on the latest financial year.

Gross profitDKK 40.2mNo. 25 of 230
Better than 90% of the companies in the industry
EquityDKK 42.6mNo. 26 of 230
Better than 89% of the companies in the industry
Number of employees57No. 21 of 230
Better than 91% of the companies in the industry

Industry median: gross profit DKK 6.9m, net profit DKK 958k, equity DKK 6.6m, 10 employees.

DKK 100kDKK 622kDKK 3.9mDKK 24.1mDKK 81.5mHere
Distribution of gross profit for 224 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with 50–199 employees4,467 companies in the comparison
No. 2,244of 4,412
Better than 49%
No. 1,381of 4,466
Better than 69%
Same industry and 50–199 employees21 companies in the comparison
No. 17of 21
Better than 20%
No. 11of 21
Better than 50%
Companies that are at least 30 years old10,276 companies in the comparison
No. 1,757of 10,152
Better than 83%
No. 2,229of 10,275
Better than 78%
All companies of type A/S18,025 companies in the comparison
No. 3,505of 17,786
Better than 80%
No. 3,971of 18,024
Better than 78%

The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.

Compare with the industry

Wholesale of agricultural machinery, equipment and supplies
Gross profit
  1. Karl Mertz A/SDKK 40.2m
  2. Semler Agro A/SDKK 150m
  3. TBS Maskinpower ApSDKK 142.9m
Net profit
  1. Karl Mertz A/S−DKK 7.2m
  2. Semler Agro A/S−DKK 26.3m
  3. TBS Maskinpower ApS−DKK 2.4m
Equity
  1. Karl Mertz A/SDKK 42.6m
  2. Semler Agro A/SDKK 238.2m
  3. TBS Maskinpower ApSDKK 129.4m
Employees
  1. Karl Mertz A/S57
  2. Semler Agro A/S284
  3. TBS Maskinpower ApS187

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
Karl Mertz A/S

Management

5 active registrations

Executive management

Executive management at Karl Mertz A/S
NameRoleAppointed
Jesper Ulrik MertzDirector25/11/2025

Board of directors

Board of directors at Karl Mertz A/S
NameRoleAppointed
Morten MertzBoard member27/01/2000
Jesper Ulrik MertzBoard member27/01/2000
Kim FrimannBoard member25/02/2015
Henrik Johan SeverinBoard member29/03/2023
Founders
VX 10.312 ApS
Former management (15)
Former management at Karl Mertz A/S
NameRoleAppointedResigned
Knud Verner MertzDirector01/06/198720/12/1996
Morten MertzDirector01/06/198714/07/1989
Per Emil Hasselbalch StakemannDirector01/06/198703/11/1987
Søren JørgensenDirector20/12/199601/08/2012
Knud Verner MertzBoard member27/01/200013/02/2006
Jens Victor ØdegaardBoard member27/01/200025/02/2015
Søren JørgensenBoard member27/01/200001/09/2012
Ernst MertzBoard member27/01/200013/02/2006
Flemming BoyeBoard member13/02/200625/02/2015
Anders HansenCEO01/08/201231/08/2016
Lars Hindsgaul StuckertBoard member25/02/201529/03/2023
Anders MikkelsenCEO01/09/201612/06/2019
Jesper Ulrik MertzCEO13/06/201931/07/2019
Anders HansenCEO31/07/201901/12/2023
Rene JensenDirector01/12/202325/11/2025

Signing rule: Selskabet tegnes af en direktør i forening med et bestyrelsesmedlem.

Address and production units

2 active production units

Stenstrupvej 2
4990 Sakskøbing

Guldborgsund Municipality · Postcode 4990

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
Karl Mertz A/SKirkebjergvej 3, 4180 Sorø171024609924
Karl Mertz A/SSandvikenvej 2, 4900 Nakskov131012415407

Purpose

Selskabets formål er at drive handel med og reparation af maskiner og redskaber samt hermed tilknyttet virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

51 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20253 changesmanagement 2 · accounts 1
  • Jesper Ulrik Mertz appointed director
  • Rene Jensen stepped down as director
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20235 changesmanagement 4 · accounts 1
  • Rene Jensen appointed director
  • Anders Hansen stepped down as ceo
  • Annual report for 2022 published
  • Henrik Johan Severin appointed board member
  • Lars Hindsgaul Stuckert stepped down as board member
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20194 changesmanagement 4
  • Anders Hansen appointed ceo
  • Jesper Ulrik Mertz stepped down as ceo
  • Jesper Ulrik Mertz appointed ceo
  • Anders Mikkelsen stepped down as ceo
20162 changesmanagement 2
  • Anders Mikkelsen appointed ceo
  • Anders Hansen stepped down as ceo
20154 changesmanagement 4
  • Lars Hindsgaul Stuckert appointed board member
  • Kim Frimann appointed board member
  • Flemming Boye stepped down as board member
  • Jens Victor Ødegaard stepped down as board member
20123 changesmanagement 3
  • Søren Jørgensen stepped down as board member
  • Anders Hansen appointed ceo
  • Søren Jørgensen stepped down as director
20081 changeindustry 1
  • Industry changed to Wholesale of agricultural machinery, equipment and supplies (466100)
20071 changeaddress 1
  • Moved to Stenstrupvej 2, 4990 Sakskøbing
20063 changesmanagement 3
  • Flemming Boye appointed board member
  • Knud Verner Mertz stepped down as board member
  • Ernst Mertz stepped down as board member
20008 changesownership 1 · name 1 · management 6
  • KARL MERTZ HOLDING A/S registered as owner (100%)
  • Name changed from STENSTRUP HANDELSSELSKAB ApS to KARL MERTZ A/S
  • Jens Victor Ødegaard appointed board member
  • Knud Verner Mertz appointed board member
  • Ernst Mertz appointed board member
  • Søren Jørgensen appointed board member
  • Morten Mertz appointed board member
  • Jesper Ulrik Mertz appointed board member
19991 changecapital 1
  • Share capital changed from 200,000 DKK to 1,000,000 DKK
19972 changesname 1 · capital 1
  • Name changed from FORTSCHRITT HØSTMASKINER ApS to STENSTRUP HANDELSSELSKAB ApS
  • Share capital changed from 80,000 DKK to 200,000 DKK
19962 changesmanagement 2
  • Søren Jørgensen appointed director
  • Knud Verner Mertz stepped down as director
19901 changename 1
  • Name changed from SAKSKØBING MASKINFORRETNING ApS to FORTSCHRITT HØSTMASKINER ApS
19891 changemanagement 1
  • Morten Mertz stepped down as director
19876 changesname 1 · management 4 · founded 1
  • Name changed from ApS KBUS 8 NR. 2402 to SAKSKØBING MASKINFORRETNING ApS
  • Per Emil Hasselbalch Stakemann stepped down as director
  • Registered as ApS KBUS 8 NR. 2402
  • Knud Verner Mertz appointed director
  • Morten Mertz appointed director
  • Per Emil Hasselbalch Stakemann appointed director

Related companies

Same industry in Guldborgsund

See all →

Same people in management

Source and updates

The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026.

View in CVRReport a correction